Armada Hoffler Properties Names New Directors, Updates Exec Pay
Ticker: AHRT-PA · Form: 8-K · Filed: Jul 24, 2024 · CIK: 1569187
| Field | Detail |
|---|---|
| Company | Armada Hoffler Properties, Inc. (AHRT-PA) |
| Form Type | 8-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: AHH
TL;DR
AHH adds two directors, locks in CEO/CFO with new pay deals.
AI Summary
Armada Hoffler Properties, Inc. announced on July 18, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael L. Grosse and Michael R. Schar, to its Board of Directors. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Daniel A. McCarty, and its Chief Financial Officer, Jason P. Muhlendorf, effective July 18, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- Armada Hoffler Properties, Inc. (company) — Registrant
- Michael L. Grosse (person) — Newly elected Director
- Michael R. Schar (person) — Newly elected Director
- Daniel A. McCarty (person) — Chief Executive Officer
- Jason P. Muhlendorf (person) — Chief Financial Officer
- July 18, 2024 (date) — Effective date of changes
FAQ
Who were the newly elected directors at Armada Hoffler Properties, Inc.?
Michael L. Grosse and Michael R. Schar were elected as new directors to the Board of Directors.
What is the effective date of the new employment agreements for the CEO and CFO?
The new employment agreements for Daniel A. McCarty (CEO) and Jason P. Muhlendorf (CFO) are effective as of July 18, 2024.
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
In which state is Armada Hoffler Properties, Inc. incorporated?
Armada Hoffler Properties, Inc. is incorporated in Maryland.
What is the principal business address of Armada Hoffler Properties, Inc.?
The principal business address is 222 Central Park Avenue, Suite 2100, Virginia Beach, Virginia 23462.
Filing Stats: 743 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-07-24 17:15:06
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share AHH New York Stock
Filing Documents
- ahh-20240718.htm (8-K) — 33KB
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- 0001569187-24-000113.txt ( ) — 6794KB
- ahh-20240718.xsd (EX-101.SCH) — 2KB
- ahh-20240718_def.xml (EX-101.DEF) — 16KB
- ahh-20240718_lab.xml (EX-101.LAB) — 28KB
- ahh-20240718_pre.xml (EX-101.PRE) — 16KB
- ahh-20240718_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Separation and General Release Agreement, entered into as of July 23, 2024, between Shelly R. Hampton and Armada Hoffler Properties, Inc. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARMADA HOFFLER PROPERTIES, INC. Date: July 24, 2024 By: /s/ Matthew Barnes-Smith Matthew Barnes-Smith Chief Financial Officer, Treasurer, and Corporate Secretary